The Real Estate Market is changing rapidly and Oregon laws are updated with each legislative session. An Attorney performs document review in real estate transactions, assists in contract preparation and owner financing documents and can assist a client buying or selling property with or without the aid of a Realtor.
In the current market we are seeing a number of clients requesting document review in real estate transactions. A document review looks at your contract to buy or sell property, your title report and other pertinent documents for any errors, omissions, mistakes, or red flags. We can help you decide how the property will be held and we can also evaluate that issue as part of our document review process. Unlike a Realtor, as attorneys, we can offer legal advice and also draft any documents that you may need to complete the process.
People buying or selling FSBO, (or for sale by owner) often retain us for assistance drafting or reviewing their contracts under Oregon law.
Seller financing is gaining in popularity and combined with the FSBO market there are a number of factors to consider when structuring your transaction. The type of sale must be determined first. The main choices in Oregon are Lease Options, Land Sale Contracts (also known as an installment sale contract), or owner financing with a Note and Deed of Trust. There are pros and cons to each type of transaction and we work to be sure our clients understand all the options that apply in their transaction.
To discuss your issue with a licensed Attorney, please feel free to call for an appointment!